Nano copper oxide is a reddish or brownish-black nanoparticle, available in different forms according to applications served by it. It is generally sold in powder or dispersed form in the market. It has several unique physical & chemical properties such as superconductivity, photovoltaic properties, relatively stable, low cost, and antimicrobial activity. The report focuses on current market trends and future growth opportunities of copper oxide nanomaterials in industries, such as electricals & electronics, paints & coatings, catalysts, energy storage, and others. Moreover, it analyzes the current market trends of nano copper oxide in different geographies and suggests the future growth opportunities by analyzing government regulations & policies, thereby further increasing the consumer acceptance in that region.

The figures provided in this report are based on the demand or consumption quantity across type of materials and applications at country level. Further, by doing bottom-up and considering price trends the market value and volumes were derived. As per Allied Market Research, the global demand for nano copper oxide was valued at $24,660 thousand in 2015 and is expected to expand with a CAGR of 25.4% during the forecast period to reach a value of $120,670 million in 2022.

Growth in investment towards research and development, increase in penetration of nano copper oxides in various end-user industries, and excellent physio-chemical properties of nano copper oxide drive its demand among various end-users. Nano copper oxides are usually added in small quantity to improve the performance of the end-product. However, factors such as high toxicity to human lungs & aquatic life may hamper the market growth. Currently, the electrical & electronics and catalysts are the major end-user market for nano copper oxides. The demand for nano copper oxide witnesses significant growth in all the regions, due to its significant physio-chemical properties and opportunities that they are creating for all players in the industry.

Nanoscale copper oxides are manufactured for specific end uses and are approximately 100 times finer than the copper oxide with different physical properties. Nano copper oxide displays interesting properties such as optical, catalytic, mechanical, and electrical properties. They also possess photovoltaic and photoconductive properties as CuO crystal structures have a narrow band gap. They are utilized in semiconductor devices, gas sensor, batteries, solar energy converter, microelectronics, and heat transfer fluids (to improve fluid viscosity and enhance thermal conductivity for application in energy conversion). The world nano copper oxide market is segmented based on the end user industries such as electricals & electronics, paints & coatings, catalysts, energy storage, and others.

In the world nano copper oxide market, with respect to end-user industries, energy storage is the most lucrative segment followed by paints & coatings, others, catalysts, and electronics & electricals. Significant investment towards research and development by major companies along with consumer acceptance drives the demand for nano copper oxide in the energy storage industry. For instance, in various countries, scientists rigorously research on production and development of conductive inks by using nano copper oxide. FDA, REACH, and other regulatory bodies have stated separate guidelines for use of nanomaterials in various industries, to control and safeguard the interest of consumers. Asia-Pacific is the major region to drive the demand for nano copper oxide products owing to huge population base and rise in disposable income.

Nanomaterial is researched extensively for its excellent properties and a wide range of applications. Government facilitates this by providing funds & subsidies to firms and labs. Nano copper oxide is the nanomaterial with excellent optical, catalytic, mechanical, and electrical properties. Other specific characteristics of the nano copper oxide include photovoltaic application and photoconductivity due to presence of narrow band gap. The application area includes semiconductor devices, gas sensor, batteries, and solar energy converter, microelectronics and heat transfer fluids. All these factors pave way elaborated research & development for nano copper oxide and increased opportunities in finding new applications of the material.

Nano copper oxides find application in sensors, semiconductor manufacturing, and in other electricals & electronics applications. Electricals & electronics is the largest end user market for nano copper oxide owing to its exceptional mechanicals & electrical properties. Similarly, nano copper oxide are frequently used in a polymer-coated form, to be included in paints or fabrics for antimicrobial properties. It can also improve ingredient compatibility and storage stability of the coating. Catalysts is one of the major end user markets for nano copper oxide. It is used as replacement of noble metal catalysts for carbon monoxide oxidation. In energy storage industries nano copper oxides are used in applications such as batteries, solar energy converter, and as heat transfer fluids.

Asia-Pacific Review:

Asia-Pacific is the fastest growing region in the global nano copper oxide market. Owing to strong demand for nano copper oxide in Asia-Pacific, many new companies are trying to enter the market especially in China, India, ASEAN (Association of South East Asian Nations), and others.

Increased disposable income of the countries such as China, India, ASEAN, and others are driving the industries such as paints & coatings, electricals & electronics, textiles, healthcare & life science, and others. The rapid industrialization along with increasing investments in these industry is contributing in growth of the market & driving the demand for nano copper oxide in the region. China is one of the leading countries across the globe in terms of demand and commercialization of nano copper oxide based products. Beijing Nachen S&T Ltd., Nanjing Emperor Nano Material Co., Ltd., Nabond, Nanjing High Technology of Nano Material Co., Ltd., Nanotechnology Inc., Sisco Research Laboratories Pvt. Ltd., Sun Innovations, and Yong-Zhen Technomaterial Co. Ltd. are some of the major players in the Asia-Pacific nano copper oxide market.

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